Park Lawn (TSE:PLC) Price Target Raised to C$35.00

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Park Lawn (TSE:PLC) had its price target raised by CIBC from C$27.00 to C$35.00 in a report published on Monday morning, BayStreet.CA reports.

PLC has been the subject of a number of other research reports. Cormark boosted their target price on shares of Park Lawn from C$28.50 to C$33.50 in a research report on Monday. Canaccord Genuity lifted their price objective on Park Lawn from C$24.00 to C$25.00 in a research note on Thursday, May 21st. Finally, National Bank Financial restated an outperform rating and set a C$26.00 target price on shares of Park Lawn in a research note on Tuesday, July 14th.

Shares of Park Lawn stock opened at C$28.16 on Monday. The company has a current ratio of 2.19, a quick ratio of 1.68 and a debt-to-equity ratio of 41.08. The firm has a fifty day simple moving average of C$24.48 and a 200-day simple moving average of C$23.42. The stock has a market capitalization of $740.33 million and a price-to-earnings ratio of 192.88. Park Lawn has a 1-year low of C$15.58 and a 1-year high of C$31.77.

The business also recently declared a monthly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 31st were given a $0.038 dividend. The ex-dividend date was Thursday, July 30th. This represents a $0.46 annualized dividend and a yield of 1.62%. Park Lawn’s dividend payout ratio is 312.33%.

In related news, Director William John Ward bought 2,500 shares of Park Lawn stock in a transaction that occurred on Wednesday, July 15th. The stock was acquired at an average price of C$23.31 per share, for a total transaction of C$58,265.00. Following the completion of the purchase, the director now owns 17,641 shares in the company, valued at C$411,141.15.

Park Lawn Company Profile

Park Lawn Corporation, together with its subsidiaries, provides deathcare products and services in North America. The company owns and operates cemeteries, crematoriums, and funeral homes. It also offers cemetery lots, crypts, niches, monuments, caskets, urns, and other merchandise, as well as funeral services and after life celebration services.

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